News Summary: Toyota recalls 1.29M vehicles

FILE - In this April 13, 2010 file photo, the Lexus logo is seen on a sign at a dealership in Portland, Maine. Toyota is recalling 907,000 vehicles, mostly Corolla models, around the world for faulty air bags and another 385,000 Lexus IS luxury cars for defective wipers. Toyota Motor Corp. spokesman Naoto Fuse said Wednesday, Jan. 30, 2013, there have been no accidents or injuries related to either of those defects, but the Japanese automaker received 46 reports of problems involving the air bags from North America, and one from Japan. There were 25 reports of problems related to the windshield wipers. (AP Photo/Pat Wellenbach, File)

FILE - In this Nov. 5, 2012 file photo, a couple walk by Lexus models displayed at a Toyota Motor Corp. showroom in Tokyo. Now it's official: Toyota is once again the world's top automaker. Toyota released its tally for global vehicle sales for last year Monday, Jan. 28, 2013 at a record 9.748 million vehicles — a bigger number than the estimate it gave last month of about 9.7 million vehicles. (AP Photo/Koji Sasahara, File)

In this Dec. 27, 2012 photo, a man walks out from a Toyota showroom in Tokyo. Now it's official: Toyota is once again the world's top automaker. Toyota Motor Corp. released its tally for global vehicle sales for last year Monday, Jan. 28, 2013 at a record 9.748 million vehicles — a bigger number than the estimate it gave last month of about 9.7 million vehicles. (AP Photo/Shizuo Kambayashi)

A 2014 Chevrolet Silverado with a step in the rear bumper is displayed at media previews for the North American International Auto Show in Detroit, Tuesday, Jan. 15, 2013. (AP Photo/Paul Sancya)

A headlight on the 2014 Acura RLX is shown at media previews for the North American International Auto Show in Detroit, Tuesday, Jan. 15, 2013. (AP Photo/Paul Sancya)

The front grill of the Hyundai HCD-14 Genesis Concept is displayed at the North American International Auto Show in Detroit, Tuesday, Jan. 15, 2013. Hyundai’s new luxury concept car shows off at least a dozen small inverted triangles that appear behind horizontal bars. The wide-mouth grille has a bunch of tiny holes, and the angles reflect light. It’s just one of many new styling cues on the HCD-14 Genesis, which Hyundai says is the direction it will take the next generation of its luxury cars, the Genesis and Equus. (AP Photo/Carlos Osorio)

The front grill of the 2014 Ford Fusion is displayed at the North American International Auto Show in Detroit, Tuesday, Jan. 15, 2013. (AP Photo/Carlos Osorio)

A headlight with a Ford logo is shown on the Ford Transit van at the North American International Auto Show in Detroit, Tuesday, Jan. 15, 2013. (AP Photo/Carlos Osorio)

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RECALL: Toyota is recalling over one million cars around the world for faulty air bags and defective windshield wipers.

GOOD NEWS/BAD NEWS: The recall is being announced just days after Toyota regained its spot as the world's No. 1 automaker from U.S. rival General Motors Co., with global vehicle sales that climbed to a record 9.748 million vehicles.

THE PROBLEM: The company recalling 907,000 cars, mostly Corollas, due to air bags that can improperly inflate when the vehicle's electronic signals damage a chip in the part that controls the air bags. It also is recalling 385,000 Lexus IS luxury cars with wipers that can get stuck if there is heavy snowfall.